Deriving Foreign Currency Impact On Cash Flow Statement (indirect)
(Controller) | Aug 31, 2013
On foreign currency impact on cash flow statement, I have been asked to prepare the statement of cash flows for our Company. In the past I had prepared the cash flow using the USD balance sheets, but now I've been asked to prepare the cash flow in the local currencies first and then translate them to USD to include the line item for the impact of foreign currency gains or losses. I can't figure out how to prepare the statements to reflect this. Not sure if this matters at all, but we we are also now required to carry the CTA on the income statement and not the balance sheet. Any help you can give on the cash flow statement methodology will be greatly appreciated!